Tokyo - Tokyo stocks ended Friday morning trading mixed ahead of corporate earnings reports. The benchmark Nikkei 225 Stock Average was down 29.05 points, or 0.33 per cent, to 8,817.96.
But the broader Topix index of all first-section issues inched up 1.73 points, or 0.21 per cent, to 841.23.
Stocks moved narrowly in Tokyo as investors adopted a wait-and-see attitude ahead of Japanese firms releasing their earnings reports.
Tokyo - Japan's second-largest phone company, KDDI Corp, on Thursday reported a net profit increase but a revenue drop for the fiscal year that ended March 31. KDDI's net profit increased by 2.3 per cent to 222.74 billion yen (2.27 billion dollars) from a year before, and its operating profit also rose 10.7 per cent to 443.2 billion yen.
But revenue shrank by 2.7 per cent to 3.5 trillion yen, mainly because of a new mobile phone installment plan that slowed handset sales, the company said.
Tokyo - Japan's three biggest banking groups were expected to report net losses for the fiscal year that ended March 31 amid worsening global financial turmoil, one of the banks and media reports said Thursday. Such losses would mark the first time in six years that all of Japan's three megabanks would swing into the red.
Tokyo - Japan's major carmakers on Thursday reported sharp declines in their global vehicle output for the business year that ended March 31 as demand for cars declined amid the economic downturn across the world. Toyota Motor Corp said its global production dropped 18.2 per cent year-on-year to 7.1 million units and its domestic output was down 20.4 per cent to 3.4 million vehicles.
Japan's leading automaker saw domestic sales fall 24.9 per cent to 1.33 million units and exports decline 21 per cent to 2.14 million units.
Tokyo - Japan's three biggest banking groups were expected to report net losses for the fiscal year that ended March 31 amid worsening global financial turmoil, media reports said Thursday.
Such losses would mark the first time in six years that all of Japan's three megabanks would swing into the red.
Mizuho Financial Group Inc was to incur a net loss of more than 500 billion yen (5 billion dollars) because of massive stock and credit losses, Jiji Press quoted sources familiar with the matter as saying.
Tokyo - Tokyo stocks ended Friday morning trading mixed ahead of corporate earnings reports. The benchmark Nikkei 225 Stock Average was down 29.05 points, or 0.33 per cent, to 8,817.96.
Tokyo - Japan's second-largest phone company, KDDI Corp, on Thursday reported a net profit increase but a revenue drop for the fiscal year that ended March 31. KDDI's net profit increased by 2.3 per cent to 222.74 billion yen (2.27 billion dollars) from a year before, and its operating profit also rose 10.7 per cent to 443.2 billion yen.
Tokyo - Japan's three biggest banking groups were expected to report net losses for the fiscal year that ended March 31 amid worsening global financial turmoil, one of the banks and media reports said Thursday. Such losses would mark the first time in six years that all of Japan's three megabanks would swing into the red.
Tokyo - Japan's major carmakers on Thursday reported sharp declines in their global vehicle output for the business year that ended March 31 as demand for cars declined amid the economic downturn across the world. Toyota Motor Corp said its global production dropped 18.2 per cent year-on-year to 7.1 million units and its domestic output was down 20.4 per cent to 3.4 million vehicles.
Tokyo - Japan's three biggest banking groups were expected to report net losses for the fiscal year that ended March 31 amid worsening global financial turmoil, media reports said Thursday.
Tokyo - Tokyo stocks inched downward Thursday as investors stayed away from buying ahead of the expected release of corporate earnings reports.
